Indices closed down 2.93% to 3.05%......

Indices closed down.

S&P 500 @ 2840.60, low 2839.64, high 2894.15

RSI @ 37.51

CMF @ 0.141

Internals were :

Down volume led by 16.26 to 1 in NYSE & 5.13 to 1 in Nasdaq

Declining stocks led by 4.46 to 1 in NYSE & 5.32 to 1 in Nasdaq

Net new 52 wk lows were leading by 197 in NYSE & 237 in Nasdaq

VIX UP 26.14% @ 22.10

Oil @ $55.23

Gold @ $1527.80

AH news....CSCO Down 7.73%, CGC Down 10.87%

                   TRUE UP 10.03%, NTAP UP 3.00%

In my portfolio in After hours :

Sold TSLA @ $219.54

Bought TWTR @ $40.60

AH Futures UP

AH Asian Markets Mixed

AH Oil Down

AH Gold UP

About market, TAPE was the story of 10 year yield @ 1.574 & 2 year yield @ 1.575...it is the famous inverted yield where 2 year yield is higher than 10 year, for all I know this fraction of difference may disappear tomorrow and everything will be fine on Wall Street, again a panic of 1 trading day duly exploited by HFT to the maximum. We did close @ low of the day, DOW down 800 points made history only for 2019. Look @ your portfolio and see IF it deserves some change to better quality of stocks which I did.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed